Today: September 20, 2024
Today: September 20, 2024

Earnings

Economy

S&P 500 Q4 2023 earnings growth now seen at 9% year over year -LSEG

With results in from about two-thirds of companies, fourth-quarter 2023 S&P 500 earnings growth is now seen at 9.0%, almost double a Jan. 1 forecast for

S&P 500 Q4 2023 earnings growth now seen at 9% year over year -LSEG
Business

Futures subdued as caution looms ahead of data-packed week

U.S. stock index futures were subdued on Monday following a strong close to the previous week, with focus on a slew of economic data points which could clear out some uncertainty on the

Futures subdued as caution looms ahead of data-packed week
Economy

Marketmind: 5,000 reasons for optimism

A look at the day ahead in U.S. and global markets by Amanda Cooper. The S&P 500 has finally broken the magic 5,000-level and just as the fourth-quarter results season winds down.

Marketmind: 5,000 reasons for optimism
Business

Monopoly maker Hasbro misses quarterly estimates on slumping toy demand

Hasbro reported a steeper-than-expected drop in holiday-quarter sales and profit on Tuesday, as a persistent demand weakness in the toy industry weighed on sales of the company's digital

Monopoly maker Hasbro misses quarterly estimates on slumping toy demand
Business

Lyft profit beats estimates as benefits from cost cuts kick in

Lyft beat estimates for fourth-quarter profit on Tuesday and said it would generate positive free cash flow for the first time in 2024, as the ride-share platform reaps the

Lyft profit beats estimates as benefits from cost cuts kick in
Business

Robinhood surges on surprise Q4 profit, strong 2024 revenue growth forecast

Shares of Robinhood surged 12% in premarket trading on Wednesday, after the retail-investor brokerage reported a surprise profit in the fourth quarter and said it expects strong revenue

Robinhood surges on surprise Q4 profit, strong 2024 revenue growth forecast
Business

Despite weak lithium prices, Albemarle beats on cost cuts

Albemarle, the world's largest lithium producer, posted a better-than-expected adjusted quarterly profit on Wednesday as aggressive cost cuts helped offset plunging prices for the metal

Despite weak lithium prices, Albemarle beats on cost cuts
Business

CF Industries lower quarterly profit slumps nearly 70%

Fertilizer maker CF Industries reported on Wednesday that fourth-quarter profit slumped 68%, as lower prices of its products weighed on earnings.

CF Industries lower quarterly profit slumps nearly 70%
Business|Science

Airbus targets 800 aircraft deliveries for 2024 even as supply chain issues linger

Airbus says it plans to deliver more aircraft to customers in 2024 even as supply chain headaches continue to afflict the European airplane maker

Airbus targets 800 aircraft deliveries for 2024 even as supply chain issues linger
Business

Cisco falls on tepid networking gear demand amid AI focus

Cisco Systems fell more than 4% premarket on Thursday after the networking equipment maker reduced its annual revenue forecast and rolled out job cuts as it battles sluggish demand from

Cisco falls on tepid networking gear demand amid AI focus
Business

Retailer Walmex may keep adding new stores in Mexico, CEO says

The chief executive of Mexican retailer Walmex on Thursday said the store could continue to grow its store footprint in Latin America's No. 2 economy, after 2023 marked its

Retailer Walmex may keep adding new stores in Mexico, CEO says
Business|Economy

DoorDash orders and revenue beat Wall Street expectations despite disappointing net losses

DoorDash's revenues and orders exceeded expectations for the fourth quarter, although its net losses failed to shrink as quickly as Wall Street had hoped

DoorDash orders and revenue beat Wall Street expectations despite disappointing net losses
Economy

Fairfax Financial profit falls on higher catastrophe losses

Fairfax Financial Holdings on Thursday posted a fall in fourth-quarter profit, as the Canadian insurer battled higher losses tied to catastrophes.

Fairfax Financial profit falls on higher catastrophe losses
Business

Home Depot 2024 forecast in focus as investors pin hopes on sales recovery

Home Depot's annual forecast will be the prime focus for investors when the U.S. home improvement bellwether reports fourth-quarter results on Tuesday, as they scour

Home Depot 2024 forecast in focus as investors pin hopes on sales recovery
Business

Goldman Sachs lifts 2024 S&P 500 target to 5,200 on upbeat profit outlook

Goldman Sachs raised its year-end target for the benchmark S&P 500 to 5,200, reflecting roughly a 4% upside from current levels, citing an improved earnings outlook for the index companies

Goldman Sachs lifts 2024 S&P 500 target to 5,200 on upbeat profit outlook
Business|Economy

Home Depot's strong fourth quarter overshadowed by weakening sales and expectations for 2024

Home Depot’s sales continued to weaken in its fiscal fourth quarter, as the country’s largest home improvement retailer deals with Americans who remain concerned about high mortgage rates and inflation

Home Depot's strong fourth quarter overshadowed by weakening sales and expectations for 2024
Business

Oil refiner HF Sinclair posts profit ahead of estimates on upbeat margins

HF Sinclair beat Wall Street estimates for fourth-quarter profit on Wednesday, helped by better-than-expected refining margins and throughput.

Oil refiner HF Sinclair posts profit ahead of estimates on upbeat margins
Business

S&P 500, Dow close slightly up; Nvidia gains after the bell

The S&P 500 and Dow Jones industrials eked out small gains on Wednesday, while the Nasdaq closed lower for a third straight session as investors awaited the

S&P 500, Dow close slightly up; Nvidia gains after the bell
Business

Nvidia stock surges after results, lifts other AI shares

Nvidia added over $129 billion in stock market value late on Wednesday after the chipmaker's hotly anticipated quarterly report beat estimates and sparked gains in other AI hardware stocks

Nvidia stock surges after results, lifts other AI shares
Business

Canadian retailer Loblaw beats quarterly profit estimates

Canadian retailer Loblaw Companies topped Wall Street expectations for fourth-quarter profit on Thursday, bolstered by consistent demand for essentials such as groceries as well as easing

Canadian retailer Loblaw beats quarterly profit estimates
Business

VinFast posts higher revenue in fourth quarter

Vietnamese electric vehicle (EV) maker VinFast reported a 133% jump in fourth-quarter revenue on Thursday, driven by increased deliveries to domestic customers.

VinFast posts higher revenue in fourth quarter
Business

PG&E beats fourth-quarter profit estimates on higher electricity rates

PG&E Corp posted fourth-quarter profit above analyst estimates on Thursday, as the electric and natural gas utility got a boost from higher rates for its services.

PG&E beats fourth-quarter profit estimates on higher electricity rates
Business

Oil firm EOG Resources' quarterly profit falls

U.S. oil and gas producer EOG Resources reported a fall in its fourth-quarter profit on Thursday, hurt by lower commodity prices.

Oil firm EOG Resources' quarterly profit falls
Business

Payments fintech Block sees Q1 adjusted core earnings above estimates

Jack Dorsey-led Block on Thursday forecast adjusted core earnings for the current quarter above Wall Street estimates as the payments firm bets on continued consumer resilience and its

Payments fintech Block sees Q1 adjusted core earnings above estimates
Business

Ticketmaster parent Live Nation beats revenue estimates on strong concert demand

Ticketmaster parent Live Nation Entertainment beat market estimates for fourth-quarter revenue on Thursday, helped by strong concert demand during the holiday season.

Ticketmaster parent Live Nation beats revenue estimates on strong concert demand

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